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    Government to securitize $3.3bn in Central Bank loans

    Ghana withdraws $672m back-tax demand from MTN Group

    Come clean on gold-for-oil ‘fiasco’ – COPEC to govt

    Ghana paid cash for 40,000 tons of oil instead of gold – Egyapa Mercer confirms

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    Ghana paid cash for 40,000 tons of oil instead of gold – Egyapa Mercer confirms

    $130bn and $170bn needed annually to bridge Africa’s infrastructural gap – Bawumia

    Government and Association of Banks reach agreement on DDEP

    DDE: Banks secure 5% coupon for 2023; other revisions

    Cocoa bill payment; BoG, COCOBOD others agree to roll over maturing investments

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    Nigeria’s national debt hits an all time as the country struggles with repayment

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    AUDA-NEPAD holds workshop for Youth and Media on AU Year of Nutrition

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ECOWAS common external tariffs will not be suspended-GRA

bycitibusinessnews
February 3, 2016
in Local Economy
George Blankson, Commissioner General of Ghana Revenue Authority

George Blankson, Commissioner General of Ghana Revenue Authority

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The Ghana Revenue Authority (GRA) has ruled out any plans to suspend the implementation of the ECOWAS Common External Tariffs (CET).

Chief Revenue Officer of the Customs Service Division of the Ghana Revenue Authority, Dr Okoh Appiah told Citi Business News ‘this one has gone through. It’s an act of parliament now. Act 905, that’s the amendment of the customs tax. It’s an amendment of the customs tax now and we are implementing it’.

The authority’s assertions follows agitations by the Ghana Union of Traders Association (GUTA) and the Exporters and Importers Association of Ghana over CET’s implementation.

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The two groups have threatened to hit the streets if the implementation of CET is not put on hold.

CET took effect on Monday, February, 1, 2016 but GUTA and the Exporters and Importers Association fear its take off will only leave them bankrupt and cripple their businesses.

But Chief Revenue Officer of the Customs Service Division of the Ghana Revenue Authority, Dr Okoh Appiah says plans are underway to meet the two groups to address unsettled issues.

‘We factored some, we could not factor everything into the CET because we had limited commodity codes or tariff lines to submit to ECOWAS Commission for consideration.

It’s an amendment of the customs tax now and we are implementing it. That is we have replaced our tariff with the ECOWAS Common External Tariff.

At that level, no. that’s why I say we don’t have the power act of parliament’. He said.

–

By:  Jessica Ayorkor Aryee/citibusinessnews/com/Ghana

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